(A) For residents of the City of Milford, the income tax levied herein shall be on all income, salaries, qualifying wages, including sick pay and vacation pay, commissions, and other compensation from whatever source earned or received by the resident, including the resident's distributive share of the net profit of pass-through entities owned directly or indirectly by the resident and any net profit of the resident. This is further detailed in the definition of income found in division (22) of Section 182.03
of this Chapter.
Lottery, sweepstakes, gambling, and sports winnings, winnings from games of chance and prizes and awards shall also be taxable, and in no circumstance shall deductions be allowed against these winnings. However, deductions shall be allowed against gambling and sport winnings, if the taxpayer is considered a professional gambler for federal income tax purposes deduct related wagering losses and expenses to the extent authorized under the Internal Revenue Code and claimed against such winnings.
For nonresidents, on all income, salaries, qualifying wages, including sick pay and vacation pay, commissions, and other compensation from whatever source earned or received during the effective period of this chapter by the nonresident for work done, services performed or rendered, or activities conducted in the City municipal corporation, including any net profit of the nonresident, but excluding the nonresident's distributive share of the net profit or loss of only pass-through entities owned directly or indirectly by the nonresident.
(Ord. 18-1379. Passed 6-19-18.)